Daily Digest

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Daily Digest 10/12 - Gov't Shutdown Drags On, GMOs Leave Bad Taste

Saturday, October 12, 2013, 10:54 AM

Economy

Shutdown’s Quiet Toll, From Idled Research to Closed Wallets (jdargis)

Victor Anderson, a furloughed worker for the Internal Revenue Service in West Virginia, said, “I live from paycheck to paycheck just like every other American does.” Mr. Anderson, who earns $62,000 a year overseeing building maintenance, is worried that his credit rating will fall because he cannot pay bills this month.

Poll: Americans Name ‘Dysfunctional Government’ As The Top Problem Facing The Country (jdargis)

This polling result is not particularly surprising, both because the House GOP’s willingness to extort the president with a shutdown and the threat of a government default is a genuine sign of dysfunction and because the shutdown dominated the news for the last two weeks. The interesting question is whether voters will simply attribute the shutdown to a failure of individuals within government, or whether this moment of extreme dysfunction opens the door to larger reforms to our system of government.

Imagine a world without shops or factories (westcoastjan)

The new Chinese industrial revolution was out there in front of me. In one glance, I saw the grip of China on the global economy - a huge rise in the price of vital raw materials such as iron and food, and at the same time, a great fall in the price of manufactured goods the world was rushing to buy from China.

It was an emblem of our developed world challenged to its core by a mighty upstart, then a series of Asian upstarts. The world was beginning to be turned upside down.

Faith Is Why World Leaders Are Sure About Economic Recovery (Taki T.)

I believe that the old saying “the US sneezes, the world gets a pneumonia” is correct in that respect. To the extent there is a disruption in US financial markets, to the extent that US collateral is no longer good, it could feed in ways that we do not fully understand. If the financial markets are fragile, and you have this layer of uncertainty, we do not need it.

Raising the G.E.D. Bar Stirs Concern for Students (jdargis)

In an echo of the debate surrounding the standards in elementary and secondary education, instructors and officials at adult education centers worry that increasing complexity could demoralize a population that already struggles to pass the current test, commonly known as the G.E.D.

The Forgotten Blizzard? (jdargis)

Earlier in the weekend, South Dakota Governor Dennis Daugarrd declared a state of emergency which allowed him to send National Guard troops to assist in the Black Hills. The next step would be to declare a natural disaster, which will pave the way for federal designation and financial assistance. That is, if the government could provide it.

Major Cyclone Causes Mass Evacuations in India (jdargis)

The Indian predictions before the storm made landfall were less alarming than those from meteorological authorities in the United States. Late Friday, the United States Navy’s Joint Typhoon Warning Center said that Phailin had sustained winds of 161 m.p.h., with gusts reaching 196 m.p.h. — making it similar to a Category 5 hurricane, the most severe. American meteorological authorities have appeared on Indian TV channels and have almost universally sounded more concerned about the coming storm than their Indian counterparts.

Genetically modified cookie ingredients leave bad taste for Girl Guide (westcoastjan)

“The idea is just gross,” Maya said Thursday. “Usually corn doesn’t make pesticides, for instance. Usually a tomato doesn’t cross with a fish. It doesn’t make sense.”

Fischer loves being in Girl Guides and loves the cookies — but refuses to sell them.

Gold & Silver

Click to read the Gold & Silver Digest: 10/12/13

Provided daily by the Peak Prosperity Gold & Silver Group

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1 Comment

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2237
EBT System Goes Dark, "Glitch" Blamed

http://www.zerohedge.com/news/2013-10-12/foodstamp-nation-turmoil-ebt-system-goes-dark-glitch-blamed

From ZH:

However, the true stability of the US may be tested very soon following reports that due to a "possible computer glitch" the Electronic Benefits Transfer System, aka EBT, ala Foodstamps, is offline. Cue mass panic among the best-weaponized population in the world. Naturally, this latest fiasco involving a country that has grown accustomed to sucking on the government's teat was immediately blamed on a "glitch" - just like everything else that is slowly but surely breaking in the New Normal.

CBS reports:

 
 

Reports from around the country began pouring in around 9 a.m. on Saturday that customers’ EBT cards were not working in stores. The glitch, however, did not appear to be part of the government shutdown. At 2 p.m., an EBT customer service representative told CBS Boston that the system was currently down for a computer system upgrade.

 

The representative said the glitch is affecting people nationwide. She could not say when officials expected the system to be restored.

 

People calling the customer service line were being told to call back later.

 

State officials said they were preparing a statement to further explain the issue.

 

The federal EBT website was unavailable due to the government shutdown.

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